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KM Financial Solutions | UPDATE 1-Goldman thwarts fraud class action tied to Abacus CDO–US appeals court
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UPDATE 1-Goldman thwarts fraud class action tied to Abacus CDO–US appeals court

11 Jan UPDATE 1-Goldman thwarts fraud class action tied to Abacus CDO–US appeals court

Posted at 20:24h in News by
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NEW YORK, Jan 12 (Reuters) – A U.S. appeals court said a
shareholder lawsuit accusing Goldman Sachs Group Inc of
fraudulently claiming to put client interests before its own
when creating risky subprime securities before the financial
crisis, including a collateralized debt obligation known as
Abacus, cannot proceed as a class action.

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